Major Trends Shaping Governance, Risk Management, and Compliance in 2015

The Chief Data Officer

The chief data officer will emerge as a critical organizational role. Looking ahead to year 2015, we will see the emergence of a new critical organizational role - the chief data officer. This person will emerge from the organization's data scientist role, and will possess strong left brain and right brain competencies, will excel in the areas of math and science, but will also be extremely curious, collaborative, and communicative. Passionate about data, these individuals will help lead the organizational charge, working right alongside other key business leaders such as the chief digital officer, the chief information officer and the chief risk officer to drive better decision making and enhance business performance.

As 2014 comes to an end, it is important that we look back and reflect, as well as prepare for what is yet to come in 2015. Our world is increasingly risky, regulated, mobile, social, global, cloudy, interconnected and data-driven. All of this, taken together, has significantly and fundamentally changed the way individuals live and work, and the way organizations conduct business.

Amidst such change, in the year ahead we will see organizations embark on, and continue forward in their journey to become better governed, more risk-aware, and compliant. We will also continue to see a strong focus on bringing together the right teams of people and the right GRC tools and technologies needed to help business leaders contextualize information, understand their business, make better decisions, and ultimately, drive superior business performance.

In this slideshow, Vidya Phalke, chief technology officer, MetricStream, and Piyush Pant, vice president of Strategic Markets, MetricStream, take a closer look at the major trends expected in 2015.